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  "documentTitle": "Shopify | Results Presentation Deck | 32 slides",
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  "authorName": "Shopify",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Growth in Standard driven by pricing plan changes implemented earlier this year\nGrowth in POS driven by our new Retail Plan and go-to-market strategy\nGrowth in Plus driven by growth in new merchants and upgrades",
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      "text": "32% vs Q3 2022",
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      "text": "Shopify Plus penetration 31% vs 33% in Q3 2022",
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      "text": "$141M",
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      "text": "Factors driving Q3",
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      "text": "Monthly Recurring Revenue (MRR)*",
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      "text": "Monthly Recurring Revenue, or MRR, is calculated at the end of each period by multiplying the number of merchants who have subscription plans with us at the period end date by the average monthly subscription plan fee in effect on the last day of that period, assuming they maintain their subscription plans the following month.",
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